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HomeMy WebLinkAboutResolution 95-17I~ESQLUTION NO. 95-17
RESOLUTION OF CITY COUNCIL OF THE CITY OF COLUMBIA HEIGHTS,
MINNESOTA APPROVING APPLICATION TO ANOKA COUNTY UP TO
$160,000.00 OF FEDERAL"HOME" PROGRAM FUNDS FOR RENTALHOUSING
REHABILITATION/DUPLEX ACQUISITION/RENOVATION IN SHEFFIELD
NEIGHBORHOOD
WHEREAS, the City of Columbia Heights has been invited and
encouraged to apply through Anoka County for funds from the
1995 federally funded HOME Program; and
WHEREAS, an application for such grant funds has been prepared
by Community ~evelopment Department staff; and
WHEREAS, HOME Program requirements require a 25% match of non-
federal funds for any project funded; and
WHEREAS, the City already owns two duplexes in the Sheffield
Neighborhood on which $40,000 of the sale proceeds after
renovtion of the duplex to a single family house couldbeused
as the 24% match.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City
of Columbia Heights, Minnesota that:
The City Council approves City application for up to
$160,000 of HOME Program funds from the Anoka County HOME
Program.
®
The City hereby agrees that the City will meet the HOME
Program 25% match requirements through continuation of
the City HOME Rehabilitation Revolving Fund and
dedication of an additional $40,000 to that fund of the
proceeds from the sale of duplexes renovated (to single
family houses) in the Sheffield Neighborhood.
The Mayor and City Manager are authorized to sign the
necessary HOME Program application and the documents for
implementation of the program whenthe grant is received
through Anoka County.
Passed this 13th day of March, 1995.
Offered by:
Seconded by:
Roll call:
Ruettimann
Peterson
All ayes
ayor J6se~h Sturdevant
~o-Anne Student; ~cil Secretary